Erlinda is 55 years old and has a child. She is raising hogs to acquire an income. She had been in her business for over 10 years now. She usually gains PHP 2,000 for each hog sold. Now, she hopes to keep making her sales profitable and she is asking for a loan of PHP 12,000 to invest in her business. She will buy feed and vaccines for her hogs. This will help maintain good nutrition for the hogs and she can sell them at a profit upon maturity.
Though she only generates a minimal income from her business, Erlinda continuously works toward better sales to achieve financial stability someday.
About Alalay sa Kaunlaran, Inc.
This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.